Alarm.com (NASDAQ:ALRM) Upgraded at StockNews.com

StockNews.com upgraded shares of Alarm.com (NASDAQ:ALRM – Get Rating) from a hold rating to a buy rating in a research report released on Wednesday.

Separately, Maxim Group decreased their price target on shares of Alarm.com from $75.00 to $70.00 in a research note on Monday, February 27th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $67.20.

Alarm.com Stock Down 1.1 %

Shares of ALRM opened at $49.87 on Wednesday. The firm has a market capitalization of $2.48 billion, a P/E ratio of 46.18, a P/E/G ratio of 5.45 and a beta of 1.02. The company has a 50-day simple moving average of $52.14 and a 200-day simple moving average of $55.70. Alarm.com has a 52 week low of $46.94 and a 52 week high of $78.99. The company has a debt-to-equity ratio of 0.82, a quick ratio of 4.70 and a current ratio of 5.40.

Alarm.com (NASDAQ:ALRM – Get Rating) last posted its earnings results on Thursday, February 23rd. The software maker reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.10. The business had revenue of $208.14 million for the quarter, compared to analysts’ expectations of $207.41 million. Alarm.com had a net margin of 6.69% and a return on equity of 11.48%. On average, equities research analysts expect that Alarm.com will post 0.62 earnings per share for the current year.

Insider Activity at Alarm.com

In other Alarm.com news, CFO Steve Valenzuela sold 478 shares of the stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $56.01, for a total value of $26,772.78. Following the sale, the chief financial officer now directly owns 35,831 shares in the company, valued at $2,006,894.31. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Alarm.com news, CFO Steve Valenzuela sold 478 shares of the stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $56.01, for a total value of $26,772.78. Following the sale, the chief financial officer now directly owns 35,831 shares in the company, valued at $2,006,894.31. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffrey A. Bedell sold 63,787 shares of the stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $50.18, for a total transaction of $3,200,831.66. Following the completion of the sale, the insider now owns 469,282 shares in the company, valued at $23,548,570.76. The disclosure for this sale can be found here. 5.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Alarm.com

Several large investors have recently made changes to their positions in ALRM. Norges Bank bought a new position in Alarm.com in the fourth quarter valued at $24,722,000. Riverbridge Partners LLC grew its position in Alarm.com by 9.0% in the third quarter. Riverbridge Partners LLC now owns 1,964,425 shares of the software maker’s stock valued at $127,413,000 after purchasing an additional 161,778 shares in the last quarter. Renaissance Technologies LLC grew its position in Alarm.com by 110.3% in the second quarter. Renaissance Technologies LLC now owns 248,100 shares of the software maker’s stock valued at $15,347,000 after purchasing an additional 130,100 shares in the last quarter. Montanaro Asset Management Ltd grew its position in Alarm.com by 41.0% in the third quarter. Montanaro Asset Management Ltd now owns 378,000 shares of the software maker’s stock valued at $24,517,000 after purchasing an additional 110,000 shares in the last quarter. Finally, Marshall Wace LLP grew its position in Alarm.com by 1,221.4% in the fourth quarter. Marshall Wace LLP now owns 98,196 shares of the software maker’s stock valued at $4,859,000 after purchasing an additional 90,765 shares in the last quarter. Institutional investors own 91.93% of the company’s stock.

About Alarm.com

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Alarm.com Holdings, Inc engages in the provision of wireless and web-enabled security system technology. The firm offers security, video monitoring, and energy management solutions. It operates through the Alarm.com and Other segments. The Alarm.com segment represents cloud-based platform for the connected home and related connected home solutions.